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Tangerine Money Back Credit Card Review

Credit Acceptance:

Card Network:

MASTERCARD

Fair

575-660

Up to $100 (Extra 10% on all purchases)

Signup Bonus

tangerine-money-back-credit-card-review
$
Cash
tangerine-money-back-credit-card-review
$
Cash

Income Requirement:

$12,000 Personal

7.0/10

Our Rating

Card Type

Cashback

Annual Fee

$0

Institution

Tangerine

Interest Rate

19.95%

Earning Rewards

Earn 2% Money-Back Rewards on your everyday purchases in two (three if you have Tangerine savings account) Categories of your choice: Grocery, Furniture, Restaurants, Hotel-Motel, Gas, Recurring Bill Payments, Drug Store, Entertainment, Public Transportation and Parking

0.5% cashback on everything else

AVERAGE

Redeeming Rewards

What can you do with your rewards?

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What's a good redemption?

GOOD

Insurance & Benefits

Purchase Protection

90 days

Extended Warranty

1 year

• Purchase Protection Insurance up to 90 days
• Extended Warranty Insurance doubled up to 1 year

FAIR

Pros & Cons

Pros

  • Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.

  • 2% cashback on recurring Transactions; pharmacy has one of the highest cashback rates among credit cards in Canada. 

  • Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.

  • Overall, it is one of the best no-annual-fee cards in terms of rewards, especially if you have a Tangerine Savings account.


Cons

  • Insurance coverage is the most basic.